PETER LANE & PARTNERS
- Property Migration and Elections
May - July 2017
Spring has arrived and the migratory instincts of home movers are at their annual peak.
Some home migrants will only be moving a short distance from their existing habitat. Others will have a longer passage to different parts of the country or even overseas. But this is certainly home moving season.
Can nothing stop this natural urge? Well yes, there are a few things.
First some commentators spreading fake news and doom and gloom about Brexit and higher stamp duty don’t help.
Then there are the alternative facts about attractive-sounding but unrealistic prices - peddled by new-to-the-industry agents working from laptops in goodness knows where!
All this chatter can confuse some buyers and sellers. It certainly doesn’t help to point them in the right direction.
But it needn’t be like this.
The property market doesn’t have to be a big scary place of self-serving hangers-on and an empty horizon with no end in sight.
Instead it can be an exciting place full of new birth, regeneration, ambition and hope. It can also be a place of honest and sound advice.
No doubt Brexit, the economy and the NHS will dominate the 2017 general election. Energy, education and defence should also get a strong look-in, while the devolved governments will also be trying to get as much air time as possible. But let’s hope a little thought is placed on housing as, on the evidence of the recent past, it hasn’t always been the case.
Over the past nineteen years, and during the tenure of four Prime ministers – Blair, Brown, Cameron and May – there have been no fewer than fourteen housing ministers.
This post seems to have become a stepping-stone for ministers who are either on an upwardly mobile career path or heading in the opposite direction into the political wilderness.
That such an important part of our daily lives can be dealt with, with such relative indifference seems short sighted and negative to most outside Westminster.
Property is a national obsession, yet the politicians seem to treat it as a short stop to somewhere else.
Property also provides important jobs and revenue through allied industries such as furniture, flooring, lighting and decorating, and in the service sector – finance, legal, surveying, etc.
We need more housing in the UK and we need better housing, yet successive governments have failed to plan, have failed to act and have failed to build the 250,000 new homes that we are estimated to need each year.
They have failed to establish any sort of meaningful housing policy – indeed how could there be a meaningful one with so many different housing ministers?
By contrast, in the same nineteen-year period there have been only seven home secretaries.
Too few new homes being built creates greater demand for the properties that are already part of the ageing national estate.
Strong demand and insufficient supply inevitably means rising property prices.
The lack of any cohesive housing policies over two decades has not just added to the housing problem but has helped create it.
No market likes uncertainty and for the fourth year in succession we have an important election which will bring fresh uncertainty.
Brexit will rumble on for several years yet, adding to this uneasiness. But we hope that whichever party prevails on 8th June the new prime minister will take his or her housing ministry more seriously and not just kick the subject into the long grass.
We need a committed housing minister prepared to stay in the job for more than sixteen months. We also hope that the new chancellor will not use housing as another easy way to create revenue without first thinking through the implications a higher rate of tax will have on the property market as a whole and our lives as citizens – after all we all have to live somewhere.
Just like the elections, moving home is seldom easy.
Just ask the millions of birds who make their journeys each year. It can be an exhausting business. But it is worth it in the end.
A new habitat brings a wonderful change of scene and fresh opportunities. So carefully choose where you are going, prepare well and spread your wings.
Birds use the stars to help them navigate. In-the-know people use experienced estate agents to help guide them. They don’t use inexperienced ones, as they will only get them lost!
Migration isn’t only for the birds and happily most of us migrate for life-improving and life-affirming reasons. But we are the lucky ones.
Contact us for expert guidance.
A Week In The Life...
The couple who excitedly made an offer on Friday have called this morning to pull out!
They’d told me all the things they were going to do to the property – but today it’s ‘too much work’…
Two great houses on the market today; have instructed our photographers so should have some great images - including some aerial shots – in the next few days.
A property that we sold 7 months ago has finally exchanged!
Most sellers are reluctant to instruct a solicitor until we have found a buyer – but potential issues with the title, boundaries etc. that can delay matters could be discovered early if they get ‘legally prepared’ from the outset.
Partners meeting for much of the day, discussing – amongst other matters (not least the current market) - our forthcoming new website and the increasing importance of social media in our business.
Good number of viewings today and the weekend is almost completely booked already!
Received offers on both of the properties we put onto the market on Tuesday! Still some work to do but I’m confident the sales negotiators in the office will get these agreed!
For more information, or if you are thinking of moving, Paul can be contacted at the Kimbolton Office.
Tel: 01480 860400 (Sales) /
01480 393837 (Lettings)
24 High Street, Kimbolton, Cambridgeshire, PE28 0HA